Industry info & news

  • linglong-mulls-tire-plant-locations-in-europe
    26
    May
    2017

    Linglong mulls tire plant locations in Europe

    YANTAI, China — Shandong Linglong Tire Co. Ltd. is scouting potential locations in Europe for a tire plant and has attracted interest from Czech Republic, Belgium and most recently Slovak Republic.

    Dusan Bella and Miroslav Tomo, Slovak ambassador to China and economic consul, respectively, visited Linglong facilities May 18 and later briefed Linglong officials on taxation, investment and labor policies in relation to building a factory in the country, according to Linglong.

    The Slovak officials met with Liu Zhancun and Li Wei, vice president and deputy general manager of Linglong, respectively.

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  • tyre-rotation
    12
    May
    2017

    Tyre Rotation

    Tyre rotation is the practice of moving tyres from one position on a vehicle to another, to ensure even tyre wear to provide consistent performance and extend the overall life of a set of tyres.

    Tyre rotation can be undertaken at home or at work by our mobile technicians for just £69.99. Just talk to one of our advisors to assess whether tyre rotation is suitable for your vehicle.*

    The majority of cars are front-engine cars and therefore the front axle, by design, bears more weight than the rear axle, which results in front tyres wearing quicker – in some cases almost twice the rate of the rear wheels, especially when factoring the additional stress that braking puts on the front tyres.

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  • apollo-tyres-increases-net-sales-by-11-pc
    06
    May
    2017

    Apollo tyres increases net sales by 11 pc

    Apollo Tyres, a major tyre manufacture company in the country has succeeded in increasing their net sales by 11 per cent year-on-year. Announcing the audited financial results for the fourth quarter (January to March), the Board of Directors had also recommended a dividend of 300 per cent, a release said here today.

    The Operating closed at Rs 20 billion and the net profit stood at Rs 11 billion for the fiscal, it added. The Board of Directors of Apollo Tyres Ltd has approved the company’s audited financial results for the 4th quarter (January to March) and the financial year 2016-17 recommended a dividend pay-out of 300 per cent, to be approved by the shareholders at the forthcoming Annual General Meeting...

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  • linglong-eyes-overseas-sites-as-sales-increase
    25
    Apr
    2017

    Linglong eyes overseas sites as sales increase

    YANTAI, China—Shandong Linglong Tire Co. Ltd. posted a 49 percent jump in net income in fiscal 2016 on 20 percent higher sales revenue, and is forecasting continued, albeit slower, growth in fiscal 2017.

    Net income rose to $146.5 million on revenue of $1.52 billion, the company reported recently.

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  • will-have-double-digit-volume-growth-in-fy17-neeraj-kanwar-apollo-tyres
    18
    Apr
    2017

    Will have double digit volume growth in FY17: Neeraj Kanwar, Apollo Tyres

    In a chat with ET NOW, Neeraj Kanwar, Apollo Tyres says that Chinese truck radials are at nearly 30% of the Indian market and this is an issue which we have been taking up with the government. 

    Let us start out by talking about Hungary first. What is the plant capacity that you have recently commissioned, what will it add to your FY19 revenues?
     
    The launch of Hungary has been a very historic moment for Apollo, first tyre manufacturer from India who has gone and set up a greenfield in international waters makes India proud ...

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  • aeolus-seeks-to-raise-840m-for-pirelli-deal
    14
    Apr
    2017

    Aeolus seeks to raise $840M for Pirelli deal

    JIAOZUO, China — China's Aeolus Tyre Co. Ltd. is seeking to raise $840 million through a public share offering to cover the cost of acquiring a 90-percent stake in Prometeon Tyre Group — Pirelli & C. S.p.A.'s commercial tire unit — and other industrial tire assets.

    According to an April 13 filing, the deal is pending regulatory approval.

    Upon completion of the deals, Aeolus is set to become China's largest commercial tire maker — and potentially the world's fourth largest — with annual capacity for truck, bus, farm and industrial tires of 18 million units and nearly $3 billion in annual revenue, according to the filing.

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  • apollo-execs-hungarian-pm-christen-apollo-plant
    07
    Apr
    2017

    Apollo execs Hungarian PM christen Apollo plant

    GYONGYOSHALASZ, Hungary — More than 1,400 Apollo employees, vendors, dealers and dignitaries — including Hungarian Prime Minister Viktor Orbán — were on hand Friday morning to watch as Apollo Tyres Ltd. inaugurated its first greenfield plant outside of India, a $505 million car and truck tire plant in rural Hungary near Budapest.

    Another 16,000 Apollo employees watched the ceremony live-streamed over the Internet.

    The plant — Apollo’s sixth worldwide and second in Europe — opens with the capacity to produce 5.5 million passenger and light truck tires and 675,000 commercial vehicle tires per year once Phase I is complete. It will produce both Apollo- and Vredestein-brand tires for the European market.

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  • linglong-looks-to-boost-production
    30
    Mar
    2017

    Linglong looks to boost production

    GUANGZHOU, China — Shandong Linglong Tire Co. Ltd. is planning two more overseas production sites, and will determine the location of one within the year, according to the company's chairman Wang Feng.

    "Our Thailand factory has been operating at full capacity," Mr. Wang said at the recent China Rubber Conference held in Guangzhou. "We also plan to make the factory smarter and raise its capacity by 10 percent or 20 percent."

    According to the chairman, the new expansion plan will increase the total annual production capacity of the Chinese tire maker to more than 90 million units.

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  • raw-materials-tracker
    17
    Mar
    2017

    Raw Materials Tracker

    The recovery in commodities prices during the last quarter of 2016 was partly given by factors external to the rubber sector which include developments in crude oil market and currencies besides investment position taken by speculative funds.

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  • dont-assume-dissatisfied-people-will-complain-to-you
    30
    Jan
    2017

    Don't assume dissatisfied people will complain to you

    Many service providers assume that unhappy customers automatically voice their dissatisfaction with their work.

    Beware, because some aspects of human nature may turn that disgruntled customer away from you and toward a competitor. Here's why.

    First of all, comebacks are serious matters no matter how insignificant the issue may appear to a tire dealer or service shop. After all, unhappy customers usually don't return.

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